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Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $244,000 and will yield the

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Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $244,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 3 years, and it requires a 8% return on investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the table provided.) Period Cash Flow 47,400 53,200 75,900 95,300 126,100 1 2 3 4 Required: 1. Determine the payback period for this investment. 2. Determine the break-even time for this investment. 3. Determine the net present value for this investment

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